The glorious journey of Good Luck Steel Tubes, an engineering products manufacturing conglomerate with an annual turnover of around Rs 1,000 plus crore and cash EPS of Rs 12.69 s share, reached a new milestone today with the listing of its shares in the National Stock Exchange (NSE).
The sole intention of listing the shares in the country’s largest bourse, in terms of trading volumes, is to help in greater reach among investors and ensure a bigger platform for them. It also reflects the management’s well-established policy of being and becoming more investor-friendly.
Following our application, NSE had on Jan. 6, 2015 approved the listing of the company's equity shares of Rs 2 each under the symbol ''GOODLUCK'' and tradable on the exchange from today under rolling settlement. The stocks of the company are already listed and tradable in the BSE under rolling settlement.
The chairperson Mahesh Chandra Garg said, ''The listing of the shares on NSE has added another feather in our cap. We are already listed on the BSE under Group 'B' category. A combination of the two will ensure the best available price for our investors and help in maximizing their profits. We will continue to take more investor-friendly steps in the days to come.''
The shares of Good Luck Steel Tubes were listed at Rs 73.80 a piece and received magnificent response from the investors even in the early hours of the day's trading.
Shares of the company gained Rs 1.1, or 1.52%, to trade at Rs 73.35. The total volume of shares traded was 95,091 at the BSE (9.52 a.m., Friday).